Gov. Ventura Meets Today With Federated Execs on Fingerhut
The state's economic development commissioner, Rebecca Yanisch, briefed Ventura on Monday regarding Federated's plan to sell catalog retailer Fingerhut.
Also, state government specialists in unemployment benefits, job searches and dislocated-worker services met with Fingerhut employees in Eveleth, MN, where the company runs a call center with 350 workers.
Leaders of career-retraining programs in St. Cloud, MN, where Fingerhut employs 2,700 at a distribution center, are preparing to testify today before Minnesota legislative committees that fund the state's dislocated-workers program. If a sale does not occur and Fingerhut is closed, employees may become eligible for money from the program.
Four potential buyers have been identified.
According to the Star Tribune of Minneapolis, a potential buyer group led by Peter Lytle of the Business Development Group, Wayzata, MN, met Monday with state attorney general Mike Hatch and a representative of Ventura's office. Neither Lytle or Hatch would comment on the specifics of the discussions.